Cre8 Enterprise receives Nasdaq notification regarding minimum bid price deficiency

Published 1 month ago Negative
Cre8 Enterprise receives Nasdaq notification regarding minimum bid price deficiency
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* Cre8 Enterprise (NASDAQ:CRE [https://seekingalpha.com/symbol/CRE]) said on Monday that it has received a notification letter [https://seekingalpha.com/pr/20256164-cre8-enterprise-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price] from Nasdaq notifying the company that based on the closing bid price of the Class A ordinary shares for the last 30 consecutive business days, the company no longer meets the continued listing requirement of Nasdaq to maintain a minimum bid price of $1 per share.
* The notice has no immediate effect on the listing of the company's Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol “CRE.”
* Cre8 Enterprise (NASDAQ:CRE [https://seekingalpha.com/symbol/CRE]) shares were down 3.98% in extended trading.

MORE ON CRE8 ENTERPRISE LIMITED

* Financial information for Cre8 Enterprise Limited [https://seekingalpha.com/symbol/CRE/income-statement]